NOT LISTED FOR SALE

701 Sumner St Kannapolis, NC 28083

Estimated Value: $207,000 - $275,000

2 Beds
1 Bath
1,293 Sq Ft
$184/Sq Ft Est. Value

Last Sold July 25, 2012

Last sale price $48,000 $37 Per Sq Ft

Est. 395% increase in value since last sale

Current estimated payment $1,473/month

163 Days on Market

Highlights

  • Living Room with Fireplace
  • 2 Car Garage
  • Lot Has A Rolling Slope
  • Front Porch

About This Home

As of July 2012

Freshly painted, refinished hardwood floors and some repairs for the new owner of this adorable home. Great location. Priced for quick sale! Property sold as is including any existing appliances, plumbing, hvac and electrical systems. No offers considered the first 7 days of listing. Only offers from buyers using fed.funds under NSP, municipalities, non-profits and owner-occupants will be considered days 8-12. All offers considered day 13 and after. buyer is to inspect the property 5 days prior to closing to determine property is in the same condition as when the OTP was executed. Contact listing agent to find out how owner occupants may be eligible to receive up to 3.5% in cc assistance.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,276

Year Built

  • Built in 1930

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 100 x 150
  • Property fronts an interstate
  • Lot Has A Rolling Slope
  • Possible uses of the property include Gardening

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,293 Sq Ft Home
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Forest Park Elementary School
  • Kannapolis Middle School
  • A.L. Brown High School

Additional Features

  • Front Porch
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 1344

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,276

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1930
  • Inclusions: Building
  • Road Frontage Type: Interstate
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Sq Ft Unheated Basement: 0
  • Possible Use: Gardening
  • Appliances: Dishwasher, Exhaust Hood, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace Features: Living Room
  • Living Area: 1293
  • Room Count: 6

Exterior Features

  • Roof: Composition
  • Road Frontage: 100
  • Construction Type: Concrete Block, Vinyl, Other - See Remarks
  • Patio And Porch Features: Front Porch

Garage/Parking

  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer, Other - See Remarks
  • Cooling: Heat Pump
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Kannapolis

Lot Info

  • Lot Features: Rolling Slope
  • Lot Size Area: 0.35
  • Lot Size Units: Acres
  • Parcel Number: 1344
  • Lot Size Acres: 0.35
  • Lot Size: 100 x 150
  • Lot Size Sq Ft: 15246
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Forest Park
  • High School: A.L. Brown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2011
Closed on
Jul 23, 2012
Sold by
Wells Fargo Bank Na
Bought by
Burton Dallas Ray and Inez Lambert Vic Kie
List Price
$59,900
Sold Price
$48,000
Premium/Discount to List
-$11,900
-19.87%
Current Estimated Value
$237,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,404
Avg. Annual Appreciation
12.73%
Original Mortgage
$8,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2011
Sold by
Griffin John L and Griffin Christine
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Dec 19, 2006
Sold by
Griffin Johnny Lee and Griffin Christine F
Bought by
Griffin John L and Griffin Christine F
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Burton Dallas Ray $48,000 Rels Centralized Title
Wells Fargo Bank Na $35,628 None Available
Griffin John L $90,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burton Dallas Ray $70,309
Closed Burton Dallas Ray $8,000
Previous Owner Griffin John L $82,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2012 10/25/12 Off Market $48,000 -- --
07/25/2012 07/25/12 Sold $48,000 -19.9% $37 / Sq Ft
05/19/2012 05/19/12 Pending -- -- --
12/08/2011 12/08/11 For Sale $59,900 -- $46 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,276 $200,420 $51,000 $149,420
2023 $1,660 $121,200 $33,000 $88,200
2022 $1,660 $121,200 $33,000 $88,200
2021 $1,660 $121,200 $33,000 $88,200
2020 $1,660 $121,200 $33,000 $88,200
2019 $1,208 $88,150 $20,000 $68,150
2018 $1,190 $88,150 $20,000 $68,150
2017 $1,172 $88,150 $20,000 $68,150
2016 $1,172 $98,380 $25,000 $73,380
2015 $1,240 $98,380 $25,000 $73,380
2014 $1,240 $98,380 $25,000 $73,380
Source: Public Records

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: R53004

Canopy MLS (Canopy Realtor® Association)

APN: 5623-00-1344-0000